Shree Tirupati Balajee Agro Trading Company Limited manufactures and sells Flexible Intermediate Bulk Containers (FIBCs), i.e., large flexible bags, and other industrial packaging products such as woven sacks, woven fabric, narrow fabric, and tapes in the Indian domestic market and overseas.
The company offers customized products and caters to the bulk packaging needs of clients from various industries, including chemicals, agrochemicals, food, mining, waste disposal, agriculture, lubricants, and edible oil.
The company operates through subsidiaries such as Honourable Packaging Private Limited (HPPL), Shree Tirupati Balajee FIBC Limited (STBFL), and Jagannath Plastics Private Limited (JPPL).
The company operates five manufacturing units. Units I and II are certified with ISO 9001:2015 and ISO 14001:2018. Unit III is certified with ISO 9001:2015, ISO 45001:2018, ISO 14001:2015, ISO 14064-1:2018, and the SEDEX SMETA four-pillar. The company’s certifications cover the production of Flexible Intermediate Bulk Containers (FIBC), Woven Sacks, and Fabrics of PP (Polypropylene) and HDPE (High-Density Polyethylene).
As of July 2024, the company has 857 department employees.
Shree Tirupati Balajee IPO – Details
| IPO Opening Date | 05 September 2024 |
| IPO Closing Date | 09 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 2,04,40,000 Shares Worth ₹169.65 Crore Fresh Issue: 1,47,50,000 Shares Worth ₹122.43 Crore Offer For Sale: 56,90,000 Shares Worth ₹47.23 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹78 – ₹83 per share |
| Market Lot | 180 Shares |
| Min Order | 180 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Shree Tirupati Balajee IPO – Date Schedule
| IPO Open Date | 05 September 2024 |
| IPO Close Date | 09 September 2024 |
| Basis of Allotment | 10 September 2024 |
| Initiation of Refund | 11 September 2024 |
| Credit of Shares to Demat Account | 11 September 2024 |
| IPO Listing Date | 12 September 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 09, 2024 |
Shree Tirupati Balajee IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 180 | ₹14,940 |
| Retail (Max) | 13 | 2,340 | ₹1,94,220 |
| S-HNI (Min) | 14 | 2,520 | ₹2,09,160 |
| S-HNI (Max) | 66 | 11,880 | ₹9,86,040 |
| B-HNI (Min) | 67 | 12,060 | ₹10,00,980 |
Competitive Strengths
- Diverse customer base.
- Cost-Effectiveness of FIBCs.
- Multi- product portfolio.
- Integrated Manufacturing Facility.
- Quality Standard Certifications & Quality Tests.
- Experienced Promoter and senior management team.
- Multi-market Company.
- Product Development Capabilities.
- Growing Demand for Sustainable Packaging Solutions.
Company Promoters
- Binod Kumar Agarwal
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 453.78 | 436.45 | 13.65 | 240.06 |
| 31 March 2023 | 478.13 | 451.02 | 20.71 | 223.81 |
| 31 March 2024 | 552.82 | 505.37 | 36.07 | 243.69 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 20.84% |
| ROCE | 16.29% |
| Debt/Equity | 1.41 |
| RoNW | 20.84% |
| P/BV | 3.01 |
| PAT Margin (%) | 6.53 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 5.4 | 4.42 |
| P/E (x) | 15.37 | 18.77 |
Object Of The Issue
- Repayment and/or prepayment, in part or full, of certain of the outstanding borrowings availed by the Company;
- Investment in the subsidiaries HPPL, STBFL and JPPL for Repayment and/or prepayment, in part or whole, of certain outstanding borrowings availed;
- Funding the incremental working capital requirements of the company;
- Investment in the subsidiaries HPPL, STBFL and JPPL for funding working capital requirements; and
- General corporate purposes.
Shree Tirupati Balajee IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 10 | Commercial Syn Bags Ltd | 37.13 |
| 2 | 10 | Emmbi Industries Limited | 22.07 |
| 3 | 10 | Rishi Techtex Limited | 33.01 |
Shree Tirupati Balajee IPO Promoter Holding
| Pre Issue Share Holding | 88.38% |
| Post Issue Share Holding | 65.42% |
Shree Tirupati Balajee IPO Prospectus
Company Contact Information
| Shree Tirupati Balajee Agro Trading Company Limited Plot No.192, Sector 1 Pithampur Dhar – 454775 Phone: +917314217400 Email: info@tirupatibalajee.net Website: https://www.tirupatibalajee.net/ |
Shree Tirupati Balajee IPO Registrar
| Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: shreetirupatibalajee.ipo@jmfl.com Website: https://linkintime.co.in/initial_offer/public-issues.html |
Shree Tirupati Balajee IPO Lead Manager(s)
| 1. Unistone Capital Pvt Ltd 2. PNB Investment Services Ltd |
Shree Tirupati Balajee IPO FAQs
| What is Shree Tirupati Balajee IPO? Shree Tirupati Balajee IPO is a main-board IPO. The issue is priced at ₹78 to ₹83 per equity share. The IPO is to be listed on BSE & NSE. |
| When Shree Tirupati Balajee IPO will open? The IPO is to open on 05 September 2024 for QIB, NII, and Retail Investors. |
| What is Shree Tirupati Balajee IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Shree Tirupati Balajee IPO? You can apply Shree Tirupati Balajee IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Shree Tirupati Balajee IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Shree Tirupati Balajee IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Shree Tirupati Balajee IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Shree Tirupati Balajee IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Shree Tirupati Balajee IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Shree Tirupati Balajee IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Shree Tirupati Balajee IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Shree Tirupati Balajee IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Shree Tirupati Balajee IPO Size? Shree Tirupati Balajee IPO size is ₹169.65 Crore. |
| What is Shree Tirupati Balajee IPO Price Band? Shree Tirupati Balajee IPO Price Band is ₹78 to ₹83. |
| What is Shree Tirupati Balajee IPO Minimum and Maximum Lot Size for retail? The minimum bid is 180 Shares with ₹14,940 amount while the maximum bid is 2,340 Shares with ₹194,220. |
| What is the Shree Tirupati Balajee IPO Allotment Date? Shree Tirupati Balajee IPO allotment date is 10 September 2024. |
| What is the Shree Tirupati Balajee IPO Listing Date? Shree Tirupati Balajee IPO listing date is 12 September 2024. The IPO is to be listed on BSE and NSE. |
